25 Sep, 2024 Payments firms face stricter safeguarding standards By Harry Eddis Richard Hay Frances Hodgkins Arjun Lakhani Olivia Murphy Sam Quicke Bethan Poole Simon Treacy +5 more... Show less The Financial Conduct Authority has set out its stall to strengthen safeguarding rules for payments and e-money firms. Firms will need to...
02 Aug, 2024 A changing landscape: Bank of England’s approach to innovation in money and payments By Simon Treacy Against the backdrop of a rapidly evolving payments landscape, the Bank of England has launched a discussion paper on how it should...
30 Jul, 2024 The missing DORA technical standard on subcontracting is found By Harry Eddis Raza Naeem James Morris Olivia Murphy +1 more... Show less The European Supervisory Authorities (ESAs) have finalised their much-anticipated technical standard on subcontracting ICT services...
17 Jul, 2024 ESAs finalise second batch of DORA Level 2 rules – but one is missing… By Raza Naeem James Morris Simon Treacy The European Supervisory Authorities have finalised more technical standards under the EU’s Digital Operational Resilience Act. EU...
04 Jul, 2024 EU institutions explore AI in financial services By Simon Treacy As our mid-year legal outlook shows, the legal impact of AI adoption is not limited to the tech sector. Financial services firms are...
18 Jun, 2024 Unlocking the future of payments: The role of AI in transforming transactions By Simon Treacy Jennifer Calver The payments industry has a strong track record of using AI to help spot and stop fraud. As well as continuing to invest in the arms race...
07 Jun, 2024 FCA looks to the future of finance in speech to investment managers By Simon Treacy Premlata Fagan In a globalised industry, having a strong regulatory regime that embraces innovation helps make the case for investing with money...
03 Jun, 2024 EBA puts virtual IBANs into regulatory spotlight By Olivia Murphy Andreas Van Impe Simon Treacy EU regulators need to get to grips with how payment firms use virtual IBANs. That's one of the conclusions from a European Banking...
22 Mar, 2024 UK lays out six-month process to choose critical third parties By Raza Naeem Jimi Piggott-Bader Simon Treacy Businesses that support the UK financial services sector may be designated as a “critical third party” under incoming rules. The...
14 Mar, 2024 UK unveils measures to curb de-banking By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 more... Show less New draft legislation shows how banks and other firms will have to give customers more info when ending payment contracts. The reforms,...
12 Mar, 2024 UK plans to slow down payments where fraud is suspected By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 more... Show less Banks and other firms will be able to delay processing payments where there are grounds to suspect fraud, according to draft legislation...
11 Mar, 2024 UK opens door to some cryptoasset exchange-traded products By James Morris Simon Treacy The Financial Conduct Authority has indicated that it would consider requests to create cryptoasset exchange-traded notes. The move...
05 Mar, 2024 FCA outlines its approach to enforcing critical third party regime By Raza Naeem Simon Treacy Tech firms that support financial services should note a new consultation from the Financial Conduct Authority. The FCA, along with the...
04 Mar, 2024 FCA continues its focus on wind-down plans By Olivia Murphy As any payments firm who has applied (or is applying) for authorisation in the UK will know, a key aspect of an authorisation application...
26 Feb, 2024 ECJ confirms AG opinion on boundary between payment services and e-money issuance By Andreas Van Impe Simon Treacy A ruling from the European Court of Justice helps to draw a line between the regulated activities of providing payment services and...
25 Jan, 2024 Payments in 2024 #4 – Coin money: Fitting stablecoins into regulation By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 more... Show less Whether they see stablecoins as a potential competitor or new product line, payments firms have a stake in how stablecoins and similar...